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Market Outlook - 07th Sep 2016

Published on Sep 07th 2016

IT

Indian markets continued to witness strong momentum and the trend dont seem to be changing in a hurry. It is expected to open on a positive bias. The US markets closed modestly higher on the back of service sector data. The Institute for supply Management showed that services sector growth slowed to its lowest rates over six years. As a result markets were directionless initially and settled mildly positive during the day. The European markets remained directionless for the large part of the day and ended lower on Tuesday. The European Central Banks September meet which is due on Thursday also kept investors away and traders kept their positions light. Indian markets opened positive on Tuesday and gained momentum during the day and ended on a strong note for the day. Banks and Financial services and Auto stocks were in limelight during the day. Among Pvt Banks Yes Bank hit new highs and within the auto space the Maruti was strong gainer reaching alltime high.

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